US house prices increase 4% in April

June 30, 2020 9:26 am Leave a comment

A sign stands in front of a newly built house in Westwood, Massachusetts, on Sep. 3, 2019. U.S. home prices rose in April for the eighth straight month, even as sales stumbled, a sign that the coronavirus outbreak has had little effect on real estate values. (AP Photo/Steven Senne, File)

U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little effect on real estate values.

Tagged with: home sales Residential Construction

Homebuilders’ shares climb even as housing outlook remains cloudy

May 21, 2020 3:16 pm Leave a comment

In this March 18, 2020 photo, Construction continues at a housing plan in Zelienople, Pa., The housing market has stalled, but homebuilder stocks are up sharply amid signs that sales are starting to improve. Still, the outlook for a housing market recovery remains cloudy, given uncertainty over the pandemic's impact. (AP Photo/Keith Srakocic)

The U.S. economy and housing market had set homebuilders up for a strong 2020. That was before the efforts to stem the spread of the coronavirus pandemic knocked the economy into a skid, dimmed consumer confidence and left a record number of Americans unemployed.

Tagged with: home sales Residential Construction

US home sales jumped to 13-year high before viral outbreak

March 20, 2020 9:28 am Leave a comment

Model homes and for sale signs line the streets of Zelienople, Pennsylvania, on, Wednesday. U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home. (AP Photo/Keith Srakocic)

U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak.

Tagged with: home sales

US new home sales climbed a healthy 7.1% in August

September 25, 2019 9:16 am Leave a comment

A newly constructed home stands on a plot of land, in Westwood, Massachusetts, on Sept. 3. U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market, the U.S. Commerce Department reported on Wednesday. (AP Photo/Steven Senne)

U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market.

Tagged with: home sales

US new-house sales fall 7.8% in May

June 25, 2019 11:00 am Leave a comment

A worker carries supplies on June 19 for a new house in a Brandon, Mississippi. The U.S. Department of Commerce reported Tuesday that sales of new houses Sales of new U.S. houses slumped by 7.8% in May. (AP Photo/Rogelio V. Solis)

Sales of new U.S. houses slumped by 7.8% in May, as sales plunged in the pricier Northeastern and Western markets.

Tagged with: home sales U.S. Department of Commerce

US pending home sales rose in March

April 30, 2019 9:30 am Leave a comment

FILE- In this Jan. 14, 2019, file photo a sold sign is displayed outside a home in Mt. Lebanon, Pa. Americans signed contracts to purchase homes in March compared to the prior month. The National Association of Realtors says that its pending home sales index climbed 3.8% to 105.8. Home sales have been recovering as mortgage rates have retreated after the average 30-year rate peaked at just below 5% in November. Still, pending home sales are running 1.2% below their pace a year ago. (AP Photo/Gene J. Puskar, File)

More Americans signed contracts to purchase homes in March compared to the prior month.

Tagged with: home sales

Home sales fall 4.9% in slow start to spring buying season

April 22, 2019 10:51 am Leave a comment

Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among purchases of the most expensive properties.

Tagged with: home sales

US home sales fell in September to slowest pace in 3 years

October 19, 2018 12:13 pm Leave a comment

A house up for sale on Aug. 30 in Denver. The National Association of Realtors reported on Friday that that sales declined by 3.4 percent last month, the biggest drop seen in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million. (AP Photo/David Zalubowski, File)

U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy.

Tagged with: home sales Residential Construction

US home sales fell 0.4 percent in May amid inventory crunch

June 20, 2018 9:55 am Leave a comment

A sold sign seen in March outside a single-family home on the market in Denver. The National Association of Realtors reported on Wednesday that sales of existing homes decreased for a second month in a row in May. (AP Photo/David Zalubowski, File)

U.S. existing home sales slipped 0.4 percent in May, as a prolonged shortage of properties on the market deters home-buying.

Tagged with: home sales

US new-home sales dipped in February, but demand is solid

March 23, 2018 9:49 am Leave a comment

A home is under construction and for sale in Roswell, Ga., in December. New-home sales rose 3.5 percent in June to their best level since February 2008. (AP File Photo/John Bazemore)

Sales of new U.S. homes slipped 0.6 percent in February, a third straight monthly decline. But year to date, sales are up 2.2 percent in a sign that buyer demand remains solid.

Tagged with: home sales housing starts